The SFR Show

Whitney Elkins-Hutten ended up investing in real estate by accident back in 2002. Starting off in single-family rentals, she quickly realized that she wanted to grow faster, bringing her to the multi-family space. From there she realized she wanted more time to spend with her family. This brought her to passive investing. 

In this episode, Whitney shares her wealth of knowledge in these three sectors through the story of her investing journey.

Download her free ebook here: https://ashwealth.com/, and learn more about passive investing with her here: https://www.passiveinvesting.com/whitney/    

---

Transcript

Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

 

Michael:

What's going on everybody? Welcome to another episode of The Remote Real Estate Investor. I'm Michael Albaum. And today with me, I have Whitney Elkins-Hutton and she is the creator of Ash Wealth, and a just powerhouse of an investor with a really cool story and getting into some really cool investments. So she's gonna be talking to us today about her story, what she's doing, and how you might be able to get involved too. So let's get into it.

 

Whitney, thank you so much for taking the time and joining me here on the podcast. And I really appreciate you hanging out.

 

Whitney:

Yeah, thank you so much for having me. This is gonna be awesome.

 

Michael:

Oh yea, It going to be  a lot of fun. So you and I were just chatting before the recording a little bit about your background, where you are, who you are and what it is that you're doing with real estate. But can you give our listeners a little bit of key into that?

 

Whitney:

Sure. Yeah. I’m a Leo. Oh, no, just kidding.

 

Michael:

Super important!

 

Whitney:

Super important to my passive in my investing journey, no, but I honestly I started off real estate investing in 2002 completely by accident, I purchased a house with a significant other and did a lot of things wrong. And a lot of things ended up working right for me. But the relationship fell apart about a month later. And I had a house. And I'm like, oh, like I would hadn't planned for that. And like we go,

 

Michael:

Here we go.

 

Whitney:

What do we do? So I I am you know, I was young. And I still you know, living with roommates was totally fine. So I stuffed it fully roommates, people who didn't mind living in construction zone. Because this house needed everything done to it. I mean, it had psychedelic flowers painted on the walls like 1960s style. So was fun and super fun to get rid of. Anyways, you know, I and I had I chose to do everything myself. And this is before YouTube. And so I went and bought the Home Depot 123 book and you know, rehab the property myself. Sold it about 11 Yeah, well, I mean, I, you know, when you screw up your plumbing, you go hire a plumber. I did that.

 

Michael:

Yeah.

 

Whitney:

I'm like, why can I get the hot and cold to come on? Right? Oh, cuz I haven't switched works. And so long story short, I sold it 11 minutes later, which was probably one of my bigger investing mistakes that I made. And it was at that point in time, I realized I had made more income in 11 months, through the capital gain on the sell of that house than I had made in my day job. And I hadn't been paying for my mortgage the whole entire time, my roommates had been paying for it. And I'm like, Oh my gosh, how many more of these deals can I do? And so that really launched my journey into investing.

 

But I you know, it, I had to grow from there, it took me years to realize that, you know, live in flipping and house hacking is just o

Dave Dubeau is the creator of the Money Partner Formula, and he works with mom ‘n popreal estate investors and helps them to get started with raising capital.  He’s a best-selling author and speaker based in Beautiful British Columbia, Canada.  He began his real estate investing career in 2003 doing 18 deals in 18 months and nowadays he invests passively in multi-family properties.  

In this episode, Dave walks us through his 5 step process for raising capital for real estate. If you have run out of capital and credit, or can't get others to invest with you you might want to listen to this. 

Get a complimentary copy of Dave's newest book, Money Partner Formula at:https://moneypartnerformula.com/

---

Transcript

Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

 

Michael:

What's going on everyone? Welcome to another episode of remote real estate investor. I'm Michael album. And today with me, I have Dave Dubeau, who is a Canadian capital raising expert. And he's going to be talking to us today about what we as real estate investors should know about raising capital and how to raise capital for our next deal. So let's get into it.

 

Dave Dubeau, thank you for taking the time at your schedule this morning to hang out with me really appreciate you coming on.

 

Dave:

Big Mike. It's my pleasure.

 

Michael:

So you and I know each other from before recording, but for all of our listeners out there, can you give us a quick rundown of who you are and what it is that you're doing in real estate?

 

Dave:

Yeah, well, I am a fellow real estate weirdo. I'm into this wild and wonky world of real estate investing. I've been doing it one way or the other since about 2001. Actually started when I was living down in San Jose, Costa Rica of all places Michael has spent a decade

 

Michael:

Oh my God.

 

Dave:

Living in Costa Rica and had a language training down there a company and language training company bought the small building that ran the business out of did ended up doing a couple of what we would call Pre Foreclosure deals down there. Didn't know what the heck I was doing. Didn't even know what they were called or whatever. But they they worked out all right. And then I packed up my Costa Rican family, my Costa Rican wife and our two little Costa Rican kids. And we moved back to the frozen hinterlands of Canada, where I come from originally.

 

Everybody goes, especially Canadians to go, Dave. Dude, what's going on? You're living down in tropical paradise. Your life and you packed everybody up and you move back to Canada. What the heck was going through your brain? Well, here's the thing Michael, we don't realize what we got till we leave it for a while. And as lovely as Costa Rica is being the rather fair complexion person I am in other words, paste the paste white guy in the pasty face white guy I am whether you got money or not in Latin America, everybody assumes that you do. So there's a target on your back. And that of your family now, thank goodness, nothing ever happened to us. But I know two people that got kidnapped and held for ransom down there and thought, hey, oh my gosh, small town Canada. That hardly ever happens. Never.

 

Michael:

Go figure.

 

Dave:

Yeah, our kids were getting towards school age. So I said, Hey, you know what? Let's start all that start over again in Canada. And so we moved back, but that was in 2003. And then I had to figure out what the heck am I going to do? Right? Because I'd left a business in Costa Rica. I hadn't been able to sell it. So I didn't have very much money. I've been gon

We recently did an episode on the 10 cheapest cities to buy property in so we wanted to follow that up with a look at property taxes across the country. We pulled up a list compiled by Business Insider on the states with the lowest property taxes. In this episode, we go through the list and comment on what this means, and point out potential shortcomings of a list like this. This episode will answer questions, but it is really a starting point of where to do your own homework on this topic. And like Michael always says, "make sure to call the local county tax assessor". 

---

Transcript

Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Etsate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

 

Emil:

Hey, everyone, welcome back for another episode of The Remote Real Estate Investor. My name is Emil Shore. And today I'm joined by Michael Albaum,

 

Pierre:

Pierre Carrillo

 

Emil:

And today's episode we're going to be do some similar as we did on a recent episode, which was the if you guys remember the episode 10 most affordable states to buy a home, we're actually going to be covering the top 10 states with the lowest property taxes and this will be 2021 data that we're going to go over to help you you know, as you're looking for markets looking for states invest, hopefully all this data will help you in that journey. So let's hop into this one.

 

Alright guys, so we are sans Tom today. But we got we got Michael and Pierre, which Dynamic Duo here. Very excited for this episode. Last time, we did some fun where I have the list in front of me. And you guys guessed, I think you each took three guesses and see if you made it in the top 10 list. So let's follow that same style. Pierre, you get to start this time. So we'll go we'll go back and forth. So Pierre, you'll go one, Michael, you'll go one and we'll just flip flop back and forth. And I will tell you guys, if that state is in the top 10 list of lowest property taxes,

 

Michael:

Love it.

 

Pierre:

All right.

 

Michael:

Good luck Pierre. You're gonna need it.

 

Pierre:

Yeah, I'm just trying to remember all the different agents we've had on over the over the last year so definitely not Texas because they don't have income tax.

 

Emil:

That is correct.

 

Pierre:

I'll say Alabama because that was one of the reasons we chose Alabama because…

 

Michael:

Dirty dog

 

Pierre:

Man was it low.

 

Emil:

Alabama. Ding ding ding That is correct.

 

Michael:

Nice.

 

Emil:

Alabama is one of the top 10 Lowest property tax states good job Pierre. Alright, Michael, what you got?

 

Michael:

All right. I'm gonna take a flier here and I'm going to go and say Tennessee is going to be in the top 10

 

Emil:

Tennessee… Eeen. Tennessee is not in the top 10 Lowest property tech states. Sorry, Michael.

 

Michael:

Ah, swing in a miss.

 

Emil:

Pierre looking good, dude. All right. What you got for your second guess.

 

Pierre:

Can Kentucky

 

Emil:

Kentucky is not on the top 10 list. Sorry.

 

Pierre:

Oh man.

 

Michael:

All right.

 

Michael:

Virginia. Show me Virginia.

 

Emil:

Show me Virginia. EEEn. not on the list. Sorry Michael.

 

Pierre:

Oh man we’re strugglin.

 

Emil:

Mike you’re struggling. You guys did so much better on the other episode. I feel like it was you guys were doing really well on that one. Come on guys. All right Pierre.

 

Michael:

Alabama, Arizona Arkansas, California Colorado. Remember that fifth grade project the state's project and school you have to remember every state every capital.

 

Emil:

Yeah. Those are some…

 

Pierre:

Oklahoma

 

Emil:

Oklahoma final guess. Oklahoma is not on the list. Alright Michael chance to tie it h

Craig Curelop is an author and the co-founder of The FI Team, a group that focuses on helping people attain financial independence through real estate investing. In 2017, Craig took a 50% pay cut to move to Denver to work with bigger Pockets and begin his house-hacking journey. Craig achieved financial independence in about 2 years, climbing over a mountain of student debt on the way. When it comes to house hacking Craig is the guy you want to learn from. 

In this episode, we cover what house hacking is, how to do it, and what it takes -- Just enough to inspire to jump into this powerful investment strategy.   

Check out Craig's book here: https://store.biggerpockets.com/products/the-house-hacking-strategy

Craig is @thefiguy on Instagram and Tic-Tok

---

Transcript

Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

 

Michael:

What's up everyone? Welcome to another episode of The Remote Real Estate Investor. I'm Michael Albaum. And today with us I have with me Craig Curelop who is an author, real estate investor, former BiggerPockets employee, and Craig's gonna be talking to us today about House hacking, how he did it, how you can do it too. And all the benefits it's afforded him over time. So let's get into it.

 

Craig Curelop, thanks so much for taking the time and joining me today. Man, I really appreciate you hanging out.

 

Craig:

Yeah. Thanks, Michael, so much for having me on. It's a pleasure to be here.

 

Michael:

Awesome. So today, I want to talk to you about House hacking. And I think you are one of the best versed people in the subject. And so for anyone who doesn't know you your story, can you give us a little bit of background on who you are? And kind of what you've done with your house hacks?

 

Craig:

Yeah, for sure. So let's see, we can go back to I guess, 2016 When I absolutely hated my job, right? So.

 

Michael:

Like so many

 

Craig:

Like, Yeah, I think if you're listening to this podcast, you probably hated your job. At some point. If you're on the track toward financial independence, you felt some sort of pain from your job, right? Well, I felt a ton of pain. And I was like, Okay, how the heck do I get out of this? And I kind of fell into the financial independence community. But really, I found real estate investing first. I found it through. I found the idea of passive income through Tim Ferriss book. And then I found the idea of real estate investing through a friend who then introduced me to bigger pockets. And then I went down the rabbit hole of bigger pockets.

 

Michael:

It's such a deep rabbit hole,

 

Craig:

Oh its…  and you can't climb back out of it. Right. Yeah. And so you know, for months and months, I would be like listening to webinars, watching the podcasts and reading the books and all that stuff, just educated myself. And then in 2017, is when I actually moved from Silicon Valley to Denver to work at bigger pockets, which was like a dream come true. But then also start my real estate investing career.

 

Michael:

Okay, that's awesome. So you moved. Were you? Did you give up a California Silicon Valley salary to take a pay cut to move to Denver?

 

Craig:

Yeah. So all in, you know, if you include like the 401k match and all that stuff, I was making about 115-$120,000 a year in Silicon Valley. I accepted a job at bigger pockets for $65,000 a year.

 

Michael:

Wow.

 

Craig:

Almost a half a pay cut.

 

Michael:

Okay. And then so then bring us up to speed. So you're working at bigger pockets, you got introduced to real estate investing. What next?

 

Craig:

Yeah, so 2017. You know, i

Daria Davydenko is a Securities Sales and Operations Specialist at Roofstock where she supports Roofstock's fractional ownership product, Roofstock One. Prior to that, Daria served as Vice President at Goldman Sachs. Her background in finance provides her with a unique view of financial markets and risk management.

 

In this episode, she provides us with an update on the state of the single-family rental market. We dive into the data and learn about this sector's performance since the financial crisis of 2008-09. Additionally, we cover Roofstock's exciting new investment, Roofstock One, a fractional ownership option for accredited investors.

---

Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

 

Michael:

Hey, everyone, welcome to another episode of the real estate investor. I'm Michael Albaum and today I'm joined by Daria Davydenko, who leads sales and operations for Roofstock One, she's gonna be talking to us about the state of the single family rental market as a whole, as well as what Roofstock one as an offering is. So let's get into it

 

Daria, thanks so much for taking the time out of your day to come hang with me.

 

Daria:

Thank you for having me, Mike. It's always a pleasure to chat and especially about single family rental space, we are so passionate about it. And always, you know, good to talk about the space.

 

Michael:

Absolutely now. I'm thrilled to talk about it. I'm thrilled to have you on and so obviously, you and I know who each other are, we go way, way, way back. But I was wondering if you could share with our listeners a little bit about who you are, what is it that you're doing at Roofstock? And what are we going to be talking about today?

 

Daria:

Yeah, absolutely. So my name is Daria, Davydenko, I am part of the Roofstock One team. Prior to restock, I was in Goldman Sachs, Vice President of Goldman Sachs and I decided to switch and join an exciting and growing company like Roofstock. And I am even more excited to talk about the Roofstock One, which is a new product that we have just launched a couple weeks ago. And I can't wait to tell you more about it.

 

Michael:

Awesome. So I would love if you could talk to us a little bit about how Roofstock One got it started and why does it exist?

 

Daria:

Yeah, so we actually it was a very interesting story. Our co founder, he was on a phone with one of the investors and Roofstock is a marketplace where we sell single family rental space to potential investors. And so we got on the phone with one of the investors and we were just curious, like, hey, you know, what can we do differently to, you know, maybe, maybe improve something on our website, so you can purchase, you know, some single family rental homes for yourself and grow your portfolio. And it was very interesting, because investor came and say, you know, I feel like that the minimum is really high, because you will literally need to commit 100,000 $200,000 Just to get like a one single family rental home. And I'm not very, you know, I have never done this before. So I'm a little bit nervous about it.

 

And so we kind of got off the phone. And I think, you know, that kind of started the whole idea of, you know, after talking to the investor about fractional shares of homes ownership, so we were kind of the first company out there who started that, and Roofstock. One is the result of our intensive research in this space, how to make this work, how to make the single family rental, fractional ownership work, and how to make the single family rental space, more accessible, like so we a

In the real estate investing world we throw around a lot of terms, but what do they mean and how do you use them? 

In this episode, we cover the most useful real estate terms. We break down what they mean, how to calculate them, and when to use them. After this episode, you can hold your own in a real estate discussion with the pros, or look cool dropping jargon bombs on newbie investors!  

---

Transcript

Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

 

Michael:

What's up everyone? Welcome to another episode of the remote real estate investor. I'm Michael album and today I'm joined by

 

Emil:

Emil Shour.

 

Michael:

And today I'm Neil and I are going to be talking about some of the hot vocab words you may have heard about as a real estate investor, we'd like to sound fancier and smarter than we are. So we use silly fancy words for kind of some everyday things. So we're going to be dissecting those and talking through what they mean and how to use them. So let's get into it.

 

Alright, Emil, there's like all kinds of fancy words thrown around. People love talking, very high brow as real estate investors very pinky out, if you will. So let's dive into a couple of these. And I'm wondering if we can start with cap rate. And I think it's a very common term that a lot of folks may be familiar with some of our newer listeners might not be so can you give us a definition of what a cap rate is, and how you actually use it when determining whether or not an investment makes sense for you,

 

Emil:

Yessir. So I am. I'm on Roofstock site. And luckily, there's a bunch of, you know, these are calculated on every property listed on the site. And you get a nice little icon next to each one of these that explain what each term means. So I'm just going to read it from the Roofstock site, and then we'll dive into a little bit more.

 

So the cap rate is the percentage return calculated by dividing net operating income in your one by the property purchase price, your net operating cash flow excludes your loan costs. So cap rate is basically all of your income minus all of your expenses, except for the cost of the loan. So this assumes you're paying all cash, it's useful in comparing properties, apples to apples, right, we'll get into cash on cash in a minute. But cap rate can be more useful in analyzing properties, without the use of leverage to compare them more easily to see what kind of return you get.

 

Michael:

Yeah,

 

Emil:

Because oftentimes with with a loan with financing, you can juice returns. But cap rate again, just allows you to do more apples to apples.

 

Michael:

Perfect. And another way that that I've kind of taught cap rate and what it is inside the resarch Academy is basically it's your cash on cash return for an all cash purchase. So if you see a property that's listed for 100 grand advertised at a 5% cap rate, you would expect a 5% return on your $100,000 purchase, ie a $5,000 NOI, or put $5,000 in your pocket. Now, just like you mentioned, as soon as you put leverage on it, things can change. And so if you and I both bought a five cap property for 100 grand, and you use 80% leverage on 60% leverage, we would have different cash on cash returns. But from a performance standpoint, we would expect the same cap rate.

 

Emil:

Very well said I think I'm just gonna take a backseat On this episode, you are doing a much better job of explaining things. So see you later, Michael.

 

Michael:

It's been a lot of fun. Take care, bye. No, so what when using cap rates? I mean, how do you think about it when determining

After graduating from Auburn University and a two-year stint in East Asia, Gray moved back to Birmingham and joined the Evernest team as a Leasing Coordinator. From there he became the Birmingham Team Leader and then moved to Denver to lead the Colorado team. Gray is now the Director of Acquisitions where he handles daily operations as well as a majority of investor communication sourcing deals across all Evernest markets. When Gray is out of the office he enjoys skiing, camping, climbing, being on the water, and all things Toyota Landcruiser. Hometown: Birmingham, Alabama

In this episode, Gray tells us what we as investors need to know about the Little Rock market. We cover neighborhoods, price points, rents, tax assessment, environmental factors, and much more. 

Gray's contact: [email protected]

---

Transcript

 

 

Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor Podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

 

Michael:

What's up everyone? Welcome to another episode of The Remote Real Estate Investor. I'm Michael Albaum. And today with me, I have gray hall with ever nest who's going to be talking to us about the Little Rock Arkansas market. So let's just get right into it.

 

Gray Hall, thanks so much for hanging out with me today and taking the time out of your busy schedule. I appreciate you.

 

Gray:

Yeah, excited to be here and talk to you guys about Little Rock today.

 

Michael:

Awesome. So for those who might not know you, give us a little bit of background on yourself and how long you've been in the real estate property management game.

 

Gray:

Yeah, so starting out in property management first about five and a half years ago. So I work with Evernest. So yeah, been in the property management game in the trenches for a long time and started helping to buy investors houses. And I think that property management experience really translates into helping investors buy, because I think there's a lot of agents who understand the residential side, but I think it's really powerful to pair it with, you know, on the back end, what does this look like?

 

Because you can buy the deal. But if it doesn't perform, you don't know the rental rates, what the tenants want. And so yeah, that's my experience. Love being in real estate. It's a hobby of mine. So I think most people probably resonate with that it's, you know, I get excited get to do this work get to work with buyers. But some also kind of personally interested in

 

Michael:

Totally. And how many deals would you say you've done in the last 12 months on the purchase? And then sales side?

 

Gray:

So our team has done? We're crossing over the 600 threshold, and we've got breakers and kind of multiple markets? And I've done around 100 this year?

 

Michael:

Oh, that's awesome. That is awesome.

 

Gray:

Yeah. So it's fine helping a lot of investors. So it's get tons of market exposure in this this markets been crazy this year. And so yeah, doing consistent deals help you to keep up on the market and making sure that you're staying competitive, because it certainly is still competitive out there.

 

Michael:

It sure seems like it and great when you're not helping investors find properties or managing folks, what is it that you'd like to do in your free time.

 

Gray:

So married and so I love hanging out my wife, we like being outside. And so camping is something we enjoy to do together, haven't yet found in action sport that we like to do together. So camping is kind of our thing. We've got a little dog, a black lab. So anything being outside is where we try to spend our time.

 

Michael:

Right on. So let's shift

The risk inherent in real estate investing scares many potential investors away from the industry. But successful investors take these risks all the time. They do so because they understand them, recognize indicators elevating them, and know how to prepare for them should they realize.

In this episode, Michael gives his take on the 4 most common risks in real estate investing and how you can protect yourself against them.

---

Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor Podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

 

Pierre:

Everyone, welcome to The Remote Real Estate Investor. I'm Pierre Carrillo and today I'm joined with

 

Michael:

Michael Albaum.

 

Pierre:

And today we're gonna be talking about the types of risks that arise in real estate investing and things we can do to mitigate them. So let's hop in.

 

Alright, Mike, here we are.

 

Michael:

Here we are.

 

Pierre:

Yeah, we're missing Tom and Emil today.

 

Michael:

Only physically, but like not actually missing them?

 

Pierre:

Yeah, exactly. They're just not here.

 

Michael:

I'm glad they're gone.

 

Pierre:

That spoke to no emotional…

 

Michael:

Just kidding, we love you guys.

 

Pierre:

A little bit.

 

Michael:

We miss you.

 

Pierre:

So the way this will work is I'm going to just run by some common risks. I want to get you to talk to me about what they mean for your bottom line and ways that we can avoid them or, you know, protect yourself from these things.

 

Michael:

Yeah, totally. It sounds like a great topic. And it's funny when I used to work as a professional fire protection engineer, risk mitigation was what we did we engineered against losses. So now I'm just doing it in the real estate side of things.

 

Pierre:

And that's why I'm on this side of the conversation. All right.

 

Michael:

That's awesome.

 

Pierre:

All right, let's talk about lack of liquidity. What does that mean? Why is that risky? And what can we do to mitigate that?

 

Michael:

Yeah, lack of liquidity is basically not having a lot of deployable, cash on hand ready, and able to be used for things that come up, like a big repair a big capex item that you weren't expecting for, or a big one that I think a lot of people don't think about as an insurance premium. If you have a $2,500 deductible on your policy, and a tree falls on your house, and the roof damage is five grand, you're on the hook for the first 2500. And so being able to have at a bare minimum, your insurance deductible on hand on a moment's notice, I think is really important.

 

And so it's simply not having enough cash. That can be in the bank, you don't have enough cash, another great place where you could store is in a brokerage account. If you've got a $50,000 stock account, and you know, your your kind of biggest exposure is five to 10,000, you're probably in a good place. If you've got a $5,000 stock account, and your biggest exposure is 5-10 grand, maybe you you don't want to keep those dollars in a stock account, which could essentially go to zero in a really bad bad market turn. So knowing where your liquidity is, how much you need, and how safe it actually is, I think is really important.

 

And so another great place that I've seen people have access to liquidity in the form of a HELOC on their primary residence. If you can write yourself a check for $10,000 Tomorrow, because you've got a $50,000 HELOC, that's a pretty safe place, in my opinion. So I guess in the hierarchal order of safety for where you could keep a reserve or where you keep some liquidity is cash in the bank. HELOCs are great stock market account would be kind of your, your proba

Fred McDaniel is a native Texan and has been involved in many aspects of the Texas real estate industry since 2001. He is a part of the Roofstock Certified Agent Network and focuses on investors the Houston market.

In this episode, Fred tells us about the neighborhoods, the prices ranges, geography-specific issues that investors should be on the lookout for, how taxes are assessed, and more.

Fred McDaniels contacts:

[email protected]

713-321-9161

---

Transcripts

Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor Podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals. Hey, everyone,

 

Michael:

Welcome to another episode of The Remote Real Estate Investor. I'm Michael Albaum. And today we have with us Fred McDaniel, our certified agent out in the Houston market. And Fred is going to be talking to us today about the market what we need to know as investors and what the price point and returns look like for some of the properties out there that he's seen. So let's get into it.

 

Fred, well, thanks so much for taking the time out of your busy schedule to hang out with us today and talk to us about the Houston market. Really appreciate you coming on.

 

Fred:

Yeah, thanks for having me.

 

Michael:

So for anyone that's not familiar with you, as an agent, give us a quick elevator pitch on who you are, where you're coming from, and what agency you're with out in the Houston market.

 

Fred:

So I was born in El Paso, Texas, so as far west as you can get in this state, and about 850 miles away from where I am now. Born and raised there, moved around a little bit, went to move to went to high school in Jacksonville, Texas, which is in Far East Texas. And then I went to college at Sam Houston State University in Huntsville, Texas, which is about 45 minutes north of downtown Houston. And since then I kind of fell in love with Houston area stayed in and around here went back and forth between Tyler and in Houston. And then I ended up back in the spring in The Woodlands area. Been here for about 13 years, but on and off for the last 20.

 

So I I work for Realty One Group Iconic. Great, and I am a broker associate. So you know, I do have the opportunity to mentor newer agents when I bring them on. But you know, I'm not the broker for the agency. But you know, with my experience, I mean, it actually helps me sometimes mentor newer agents because it brings up things that you forget when you've been in the business for a while. So it helps me to educate myself.

 

Michael:

And it seems like Houston is on fire right now. Have you seen it the Houston market shift over the last couple months?

 

Fred:

And I've seen it, I've seen it shift over the last, well, 18 months. Now, I've never seen anything like this and I've been in the business in some capacity. For the last 20 years, I've talked to people that have been in the business for twiice as long as I have never seen anything like this in the Houston market. You know, really, you know, once once the pandemic started, is really when our market just lit on fire. It was crazy how things work out. And you know, one of those things that, you know, in our economy that became a little bit more needed was real estate. And, you know, we had a we had an issue with historic rates being historically low rates, and historically low inventory all at the same time. So that's a perfect storm for increase in prices.

 

You know, so, though I, it's, it's been wild, it's been fun. And I've seen the inventory go down to such a low level that I think at one point this summer, we were under one month inventory. I think we're back to 1.8 right now, last

Mariusz Skonieczny is the founder of MicroCap Explosions. He is also the author of 11 books on the subject of investing.

He graduated Indiana University in 2003 with a finance degree. From 2003 to 2008, he was in the residential and comercial real estate industry as an apprasier and broker. During the 2008/2009 financial crisis, he left the industry to focus exclusively on stock market investing. In 2009, he started with  $10,000. By 2019, his account reached $1 million or 100x since the beginning. By the end of 2021, it reached $7 million.

In this episode, Mariusz tells us about his journey, his process and how you can employ this powerful investment strategy. 

---

Transcript

Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals. Hey, everyone,

 

Michael:

Welcome to another episode of The Remote Real Estate Investor. I'm Michael Albaum. And today with me, I have Mariusz from Micro Cap Explosions. And he's gonna be talking to us today about how he utilized micro cap stocks to become a millionaire. And what are some things that we as everyday individual investors can look out for to do the same. So let's get into it.

 

Hey, Mariusz, thank you so much for taking the time and joining me today. I really appreciate you coming on.

 

Mariusz:

Yeah, thank you very much Michael.

 

Michael:

My pleasure. So you've got kind of a unique background and have done quite a lot of things both in real estate and the stock market. So for all the listeners who don't know who you are, can you give us a little bit of a background on? Where did you come from? And what have you done in the real estate and stock market sectors?

 

Mariusz:

Okay, so yeah, it's a little unique. I, I am a full time investor right now full time micro cap investor focused on small companies. So mostly in the stock market, on the secondary exchanges, which I will get into more in a minute. But I started off in real estate. Yes. So I graduated college in 2003. And that was around the time where the Poor Dad Rich Dad books were coming out. And so he kind of got me interested in real estate, I read them and I was like, Yeah, I want to be financially free. But of course, I didn't have any money. So I figured what the best way to start in real estate, it's to kind of learn how to value real estate. Okay.

 

So I became a real estate appraiser. And I did this residential appraising and then I moved up to commercial real estate and I appraised apartments, office industrial, mobile, home parks, you know, anything associated with income producing properties. And then at some point, I went into the broker side, so I worked in a group under in Marcus Miller chap that sold apartments in the Midwest. And so I worked there a little bit. And then, but during this entire time that I was doing real estate, I was also investing in the stock market, learning about Warren Buffett, and, and when the financial crisis hit in 2008 2009, I, I said to my boss, I'm leaving, I want to go full time into the stock market, because I see opportunities. And, and I didn't really have the passion for real estate the way I did for, for the stock market investing. So I just, you know, left the industry, but there's so many similarities between between them, but that's kind of like, you know, a little shot this summary.

 

So, from 2009, literally, January 1 2009. That's what I entered the stock market. And so now it's like 12-13 years. So I started it with 10,000. At that point, that was actually from a sale of an apartment. I had a and then so over this 12 year period, that 10,000 I turned it in